The IHS Markit Brazil Composite PMI fell to 50.9 in December of 2019 from 51.8 in the previous month. The reading pointed to the slowest expansion in private sector activity in six months, as manufacturing growth eased sharply (50.2 from 52.9) while services picked up slightly (51 from 50.9). Employment stagnated as job creation in the service economy was offset by a renewed decline in factory headcounts. Also, sales quickened from November's five-month low as growth of services new business accelerated while factory orders rose the least in seven months. Input cost inflation was the strongest in 14 months, with faster increases noted at both goods producers and service providers. Selling prices were lifted, with services firms posting a stronger rate of charge inflation than their manufacturing counterparts. Finally, both manufacturers and services firms were more upbeat about the future.
Composite Pmi in Brazil averaged 48.95 Index from 2011 until 2019, reaching an all time high of 55.50 Index in February of 2012 and a record low of 38.30 Index in May of 2016. This page provides the latest reported value for - Brazil Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics
Composite Pmi in Brazil is expected to be 53.50 Index by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Brazil to stand at 51.50 in 12 months time. In the long-term, the Brazil Composite PMI is projected to trend around 53.00 Index in 2020, according to our econometric models.